Abramovich paid £59.3million for 50.09 percent of the club's holding company Chelsea Village and has now launched a 35p per share offer for the remainder - a majority shareholding of 94 percent which would allow him to move forward with a delisting.
Through his Chelsea Limited bid vehicle, Abramovich is also taking on Chelsea Village's £80m debts.
The share dealings are expected to be completed by August 22 with the Abramovich's move to buy up more shares funded by a windfall payout from his holding in Russian oil company Sibneft which has just announced a $1billion (£617m) interim dividend.
Chelsea's new Russian owner Roman Abramovich is looking to take the English soccer club private after applying for the stock to be delisted from the Alternative Investment Market (AIM).
